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ECON 404 Methodology of the Social Sciences
CLASSIFICATION OF COUNTRIES
A few of the poor countries in 1950, such as Taiwan, Singapore, South Korea,
Malaysia, Thailand, and Mexico grew so much more rapidly than some higherincome
countries in 1950 (Argent

ECON 404 Methodology of the Social Sciences
Globalization, outsourcing, and information technology
Indians and North Americans are living in worlds affected by domestic economic
change and greater integration into the global economy.
In the United State

ECON 404 Methodology of the Social Sciences
Comparison resistant services
Comparison resistant services, like health care, education, and government
administration, which comprise more than 10 percent of most countries' expenditure,
distort crossnational

ECON 404 Methodology of the Social Sciences
Small Is Beautiful
Mahatma Gandhi, nonviolent politician and leader of India's nationalist movement for
25 years prior to its independence in 1947, was an early advocate of smallscale
development in the third w

ECON 404 Methodology of the Social Sciences
HOW THE OTHER THREE-QUARTERS LIVE
Inequality between the worlds rich and poor
Development economics focuses primarily on the poorest three-fourths (to be
precise, 78 percent) of the world's population.
These p

ECON 404 Methodology of the Social Sciences
GROWTH AND DEVELOPMENT
Economic growth refers to increases in a country's production or income per
capita.
Production is usually measured by gross national product (GNP) or gross
national income (GNI), used inte

ECON 404 Methodology of the Social Sciences
WorldLeadersInGdpPerCapita,1500ToThePresent
In Europe, Italy, although not united politically until about 1870, was the richest
country in the world
In about 1564, the Netherlands overtook Italy, remaining the

ECON 404 Methodology of the Social Sciences
Weighted Indices For Gnp Growth
Another reasons why the growth rate of GNP can be a misleading indicator of
development is because GNP growth is heavily weighted by the income shares of
the rich.
We can illust

ECON 404 Methodology of the Social Sciences
The End of Japans Economic Miracle.
In 1982, University of Washington Professor Kozo Yamamura (1982, pp. 99-117) was
one of the earliest economists to point out the end of Japans miracle, warning that
Japan had

ECON 404 Methodology of the Social Sciences
TheRussianSovietDevelopmentModel
The experiences of Korea and Taiwan since 1945 reinforce many of the lessons of the
Japanese development model: the importance of guided capitalism,
infrastructure investment, t